This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: US raises interest rates by 0.25 percentage points; UBS takes over Credit Suisse; IMF board approves Sri Lanka bailout. 1. US raises interest rates again as it weighs up banking crisis The […]
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The Federal Reserve lifted small-expression desire fees Wednesday by a quarter share place, bringing its benchmark price to a new vary of 4.50% and 4.75%, the best level since Oct 2007. In its assertion on Wednesday, the central lender acknowledged the slowdown in inflation as the Fed continues to assess […]
Federal Reserve Chair Jerome Powell laid the table to start out slowing down the rate of curiosity price hikes on Wednesday while also stressing that the query of when the central lender ought to moderate the measurement of improves is fewer critical than how higher the central bank will ultimately […]